will announce more serious sanctions against russia later today. let's get right to nbc white house correspondent peter alexander who is traveling with the president in manila. peter, what do you know about the sanctions? >> reporter: betty, good morning to you. president obama said the new sanctions will specifically target russian individuals and companies, those individuals are billionaire cronies of russian president vladimir putin. the words, to create a calibrated effort to change russia's behavior. he says the intention is not to go after putin himself, but to change his calculus. president obama is in this region, the end of a four nation tour before heading home tomorrow with an announcement he made a short time ago that the u.s. has agreed to a ten-year basing deal, which means u.s. military troops, jets, ships will be allowed to use filipino bases in this region. it will give them a better opportunity to help as the u.s. has in terms of humanitarian crises and push back in support of some of their allies in this region which is viewed as